ESTIMATION OF DEMAND-FUNCTIONS USING CROSS-SECTIONAL HOUSEHOLD DATA -THE PROBLEM REVISITED

Authors
DONG DS SHONKWILER JS CAPPS O
Citation
Ds. Dong et al., ESTIMATION OF DEMAND-FUNCTIONS USING CROSS-SECTIONAL HOUSEHOLD DATA -THE PROBLEM REVISITED, American journal of agricultural economics, 80(3), 1998, pp. 466-473
Citations number
11
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
American journal of agricultural economics → ACNP
ISSN journal
00029092
Volume
80
Issue
3
Year of publication
1998
Pages
466 - 473
Database
ISI
SICI code
0002-9092(1998)80:3<466:EODUCH>2.0.ZU;2-5
Abstract
A procedure that corrects for selectivity bias is proposed to estimate demand functions using cross-sectional data under the assumption that prices vary across households. This procedure, which extends the work by Cox and Wohlgenant, includes a two-equation system of expenditure and unit value functions. This model is applied to household expenditu res for beef steaks and roasts.